162 Southfields Road
About This Property
The upper level has a unique room with a small kitchenette with a sink and storage. This room has direct access to the top floor balcony with Gulf views. The third guest bedroom on the top floor features a nice reading knook with Gulf views. There is a full bathroom on the top floor with tile floors, walk-in shower and pedestal sink. The home is being sold unfurnished but is negotiable. There is also an ADT security system in place for a minimal monthly fee. See Cost to Own attached for more details. This is currently a full time residence and in great condition, but would also be a good rental home. The community only allows long term rentals, however, for added privacy.
Bella Costa is a desirable community with just 10 Mediterranean style townhomes. There is a community pool available for residents to enjoy and a public beach access just down the end of the street. The location is prime and just a short drive to the beach communities of 30-A including Rosemary Beach and Alys Beach. Pier Park, a 900,000 sq. ft. shopping center and entertainment hub of Panama City Beach is only 7 miles east of Bella Costa and a nice convenience for locals or visitors. Do not miss out on this incredible opportunity to own an affordable & spacious 4-bedroom townhome on the West end of Panama City Beach!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017